Questions regarding the £100 sign up banks....

ianianian_2

Evening,

Two quick questions....
Could you join abbey, get your wages of over £1000 paid in to qualify for their sign up bonus, then transfer £1000 to A&L to qualify for their bonus?

How long must you stay with A&L/ Abbey to keep the signup bonus (£100)? I believe it's one year?

Thanks

Ian

masonic

With A&L, you only need to stay until you get your money. Money transferred from Abbey should qualify towards your monthly funding.
I believe the same also applies to Abbey (i.e. no fixed term, funding from A&L is ok).

Edit: You'll need 2 current accounts from which you can switch payments to the banks to qualify, though. Also, hasn't the A&L £100 offer finished?

LongTermLurker

masonic wrote: »

Edit: You'll need 2 current accounts from which you can switch payments to the banks to qualify, though. Also, hasn't the A&L £100 offer finished?

There is potential... (if it's still available) A&L don't insist on you transferring all SOs and DDs - so if you didn't mind getting messy, you could transfer all automatic payments from your old current account to abbey and then apply to A&L where you would select only some of your payments to be transferred.

You'd need to be a bit clever about payment dates, eg

• pay salary into Abbey on 28th
• set up DDs from Abbey for 1st
• set up transfer from Abbey to A&L for 1st (could do it earlier but you may run the risk of trying to pay A&L before your wage has arrived!!)
• set up A&L DDs for, say, 10th

As I said, possible, but messy.

ChuiMartinez

for abbey do you actualy have to transfer your salary into the account of is it simply 1000£? so i could just transfer 1000 from my bank where i usually get paid?

masonic

There's lots of info on the Abbey offer in this thread.